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or;,. /?% B t e D OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 0 .-,r V /<^or r e l e a s e W i l i n g p a p e r s r ; J a n u a r y . R & , -c D E P A R T M E N T January 9, 1940 S r t p - 181 STORE SALES IN DECEMBER 19-39 P r e l i m i n a r y Report Department s t o r e s a l e s showed a f u r t h e r i n c r e a s e i n December, and t h e Board's s e a s o n a l l y a d j u s t e d index advanced t o 96, t h e h i g h e s t l e v e l i n r e c e n t y e a r s . The index i s shown below f o r t h e l a s t t h r e e months and f o r December 1938, Index of department s t o r e s a l e s 1923-1925 average = 100 Adjusted f o r seasonal v a r i a t i o n Without s e a s o n a l a d j u s t m e n t Dec. 1939 Nov, Oct, 1938 Dec. 96 168 95 106 90 99 89 156 Sales i n December were 4 p e r c e n t l a r g e r t h a n i n t h e c o r r e s p o n d i n g month l a s t y e a r which had one more b u s i n e s s d a y . For t h e e n t i r e y e a r 1939 s a l e s were 5 p e r cent above 1938. REPORT BY FEDERAL RESERVE DISTRICTS P e r c e n t a g e change Number Number from a y e a r ago of s t o r e s of c i t i e s December* Year reporting included Total +4 +5 496 228 Boston New York Philadelphia Cleveland +2 +1 +3 +9 +3 +2 +7 +9 51 54 24 21 31 27 12 10 Richmond Atlanta. Chicago S t . Louis +4 +8 +6 +4 +5 +9 +6 +6 48 18 89 32 24 14 29 15 Minneapolis Kansas C i t y Dallas San F r a n c i s c o +9 +3 +3 +1 +5 +1 +1 +3 35 19 14 91 16 13 6 31 F e d e r a l Reserve d i s t r i c t s : * December f i g u r e s p r e l i m i n a r y ; i n most c i t i e s t h e month had one l e s s b u s i n e s s day t h i s y e a r t h a n l a s t year..
@FedFRASER